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please answer as soon as possible Question 1 (10 points) K-W Construction Ltd contractually agreed to build an office com Cory that contract, K-W Construction
please answer as soon as possible
Question 1 (10 points) K-W Construction Ltd contractually agreed to build an office com Cory that contract, K-W Construction would incur a financial penalsoce the schedule. K-W Construction hired Cambridge Electric Cotton the building. The terms of that subcontract required payment of Son completion Cam began work immediately but later discovered that it had honestly underestimate the cost of perform Accordingly, it approached K-W Construction and stated that unless it was promised on a 120 000, it simply woulli not be able to complete the job. Ki Construction realized that it could possibly find a replacement for Cambridge Electric on such short notice, and (1) that wy delay completion of the project would trigger the penalty provision contained in its contact with ABC CORP K-W Construction consequently agreed to Cambridge Electric's request. Nevertheless, without Cambridge Electric subsequently completed its performance on schedule, K-W Construction refuses to Can K-W legally refuse to pay? Explain your answer. (5 marks) pay more than $50 000. (b) Could Cambridge Electric have handled things differently to ensure they receive the extra $20,000. Explain (2 marks) c) Assuming KW refused to agree to the additional $20,000 revulting in Cambridge Electric stopping work, what are options available to KW (3 marks) Question 1 (10 points) K-W Construction Ltd contractually agreed to build an office com Cory that contract, K-W Construction would incur a financial penalsoce the schedule. K-W Construction hired Cambridge Electric Cotton the building. The terms of that subcontract required payment of Son completion Cam began work immediately but later discovered that it had honestly underestimate the cost of perform Accordingly, it approached K-W Construction and stated that unless it was promised on a 120 000, it simply woulli not be able to complete the job. Ki Construction realized that it could possibly find a replacement for Cambridge Electric on such short notice, and (1) that wy delay completion of the project would trigger the penalty provision contained in its contact with ABC CORP K-W Construction consequently agreed to Cambridge Electric's request. Nevertheless, without Cambridge Electric subsequently completed its performance on schedule, K-W Construction refuses to Can K-W legally refuse to pay? Explain your answer. (5 marks) pay more than $50 000. (b) Could Cambridge Electric have handled things differently to ensure they receive the extra $20,000. Explain (2 marks) c) Assuming KW refused to agree to the additional $20,000 revulting in Cambridge Electric stopping work, what are options available to KW Step by Step Solution
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